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The implementation of criminal coercive measures against the individuals involved in this incident sends a strong signal that the authorities are committed to upholding justice and protecting the rights of individuals. It also serves as a warning to others who may seek to take advantage of vulnerable individuals that such actions will have serious consequences.

China's economy has been a focal point in the global economic landscape for many years, with its rapid growth, increasing influence, and unique economic policies shaping the world market. In this edition of the current China economic Q&A series, we delve into the latest developments, trends, and challenges facing the Chinese economy and explore how they are impacting the world economy.Furthermore, the legal standards for establishing rape in cases involving mentally ill individuals may vary depending on the jurisdiction and the specific laws in place. Some jurisdictions adopt a more stringent approach, requiring clear and unequivocal evidence of lack of consent, while others may take a more lenient stance, considering factors such as the individual's cognitive abilities and understanding of the situation. The issue of capacity and consent is further complicated by the often coercive and manipulative tactics employed by perpetrators to exploit the vulnerabilities of mentally ill individuals.America’s national debt would have horrified Ronald Reagan. When he inherited a nation on the cusp of an unnerving milestone of $1 trillion in debt in 1981, he described it as a problem that had grown “literally beyond our comprehension.” “We can leave our children with an unrepayable massive debt and a shattered economy, or we can leave them liberty in a land where every individual has the opportunity to be whatever God intended us to be,” Reagan said in his first televised address on the economy. Fast forward to the present, and America’s total federal debt burden recently eclipsed $36 trillion, bigger than the entire economy. Over the past four decades, brief stretches of deficit-cutting enthusiasm have been overwhelmed by a largely bipartisan urge to overspend. Most surprising is how small a price we’ve paid for our improvidence. The children that Reagan worried about are now in their 40s and 50s, and they’ve fared much better than expected. Mortgage rates are less than half of the 1981 levels Reagan blamed on soaring debt, and inflation is about a quarter as high. Foreign creditors continue to turn out en masse to buy our bonds at auction and finance the deficit. What the 1980s deficit hawks didn’t quite appreciate was the extraordinary trust that creditors were already placing in America’s ability, as the world’s greatest economic and military force, to make good on its promises. In academic jargon, this faith is part of what’s often called the “exorbitant privilege.” Foreign entities around the world trade in dollars and save in interest-bearing U.S. Treasury securities, creating a permanent bid for American assets and driving down borrowing costs for the nation. The term dates to a critique from the 1960s by Valery Giscard d’Estaing, then finance minister of France and later president, that the U.S. had attained an unfair advantage. Since then, the exorbitant privilege has become even more ingrained in the global financial psyche as the U.S. emerged from the Cold War as the world’s premier superpower; its financial markets became deeper and more dominant; and inflation disappeared for 40 years. The exorbitant privilege allows us to spend above our means to, for instance, combat the potentially catastrophic economic effects of the COVID-19 pandemic. And it acts as a deterrent to adversarial nations who know that the U.S. can borrow its way to victory in any war of attrition. But this faith isn’t unshakeable. It hinges on investors’ ability to grasp the risks ahead and their confidence in the political system to restore fiscal balance before some crisis unfolds. That’s why the U.S. was able to avoid confronting the deficit problem for much of the 2010s. It’s also why the situation suddenly feels more perilous as we embark on yet another year of outsized budget shortfalls, overseen by a fractious Congress that hardly seems focused on finding ways to shrink the deficit. Our political leaders don’t need to balance the primary budget next year or the year after. But they need to set out a realistic path and a credible timeline. Before the U.S., the British had the world’s premier currency and bond market, and before them was the Dutch. Fiscal deterioration stripped both of that advantage. Many have long feared that China was positioning itself to seize the throne from the U.S., at least before its recent economic struggles. Others have speculated that cryptocurrency could unseat the buck, though Bitcoin is far too volatile, and the popular dollar-pegged “stablecoins” seem only to reinforce the greenback’s supremacy. In practice, bond vigilantes — as Ed Yardeni famously called the market’s fiscal scolds — have rebelled from time to time to protest reckless government policy. These spasms in the Treasury market have so far been short-lived, but the spending and inflation of the post-pandemic years have brought a fresh urgency to the question of how far that lenience will go. President Joe Biden’s administration forecasts that the federal budget deficit will be in excess of 6% of gross domestic product for a third straight year in 2025 — unprecedented at a time when the economy is thriving. The deficit ballooned to $1.83 trillion in the fiscal year ended Sept. 30, and net interest costs have more than doubled since 2020 to $882 billion. Ultimately, a country can keep its finances from completely unraveling if the rate at which it must borrow stays below economic growth, and the primary deficit is held at modest levels. Unfortunately, we can no longer count on low interest rates. An October assessment of Donald Trump’s campaign pledges from the Committee for a Responsible Federal Budget estimated that the president-elect’s agenda would add $7.75 trillion to the debt through 2035. Under those estimates, the extension and modification of the 2017 Tax Cuts and Jobs Act constitutes the biggest cost. Of course, much depends on Trump’s ability to find offsets and how the proposals affect economic growth. As recently as 2022, the bond market rose up to protest then-Prime Minister Liz Truss’s unfunded tax cut proposals for the U.K., sending yields soaring and setting in motion the collapse of her government. There’s also worry that Trump’s tariff and deportation plans could, if taken at face value, stall the disinflation trend and push up interest rates in a year when the U.S. has about $9 trillion of debt coming due. The massive task of refinancing maturing debt and plugging new shortfalls could test the world’s typically insatiable appetite for U.S. securities. The view from abroad For all America’s imperfections, there’s still no serious competitor in global currency and debt markets. Major foreign holdings of U.S. debt stood at a stunning $8.7 trillion as of September, about a third of Treasuries in the hands of the public, and of that roughly half is held by governments. The dollar also stands alone in foreign exchange. Some 90% of global foreign exchange transactions involve the U.S. currency, according to Bank of International Settlements data, with the euro a distant second. While the Chinese renminbi has made some gains, it’s partially come at the expense of the euro and the Japanese yen. The dollar is also the chosen currency for the majority of international debt issuance and loans and, while falling, it still accounts for well over half of the world’s official foreign exchange reserves. To the extent that it’s losing influence, it’s because a few upstarts have taken share at the margin — not because another dominant power is on the verge of unseating us. Still, many observers have worried that growing geopolitical tensions could lead to upheaval. After Russia invaded Ukraine, the U.S. and its allies froze about $300 billion in Russian assets held abroad, a step that could have the unintended consequence of leading other nations to rethink their savings in dollars. If unbridled enthusiasm for the greenback has been a symptom of decades of relative peace, rising tensions around the world could push the trend in the opposite direction. In an extreme scenario, perhaps no currency and debt would reign supreme, but the economic and financial world would instead splinter. Enter Trump, who has pledged to put “America first.” He’s signaled that he wants to avoid foreign military entanglements but also exhibits a brash negotiating style that could very well start some new ones. His top economic priority seems to be the empowerment of domestic manufacturing and exports (which would benefit from a weaker currency), yet he also assails foreign nations thinking of abandoning dollar-based trade. All in all, Trump represents a rare risk to the status quo — but it’s hard to pin down exactly what kind. On the optimistic end, Trump’s pick for Treasury secretary, Scott Bessent, is a hedge fund manager and economic historian well versed in the dangers of high and rising debt. Bessent suggested at a Manhattan Institute event in June that the U.S. still has a “last chance to grow our way out of this problem.” But while there is some evidence that the TCJA boosted investment and growth, it wasn’t enough to completely offset the fiscal cost. Even more important, the 2017 economy had space to accommodate the fiscal stimulus without sparking unwanted inflation. The 2025 economy, with its high deficits and low unemployment, simply doesn’t. The path ahead There are some familiar elements to the latest bout of debt worries. Like Reagan, Trump has made overtures about addressing the problem. He’s tapped Elon Musk, the world’s richest man, to lead a “Department of Government Efficiency,” which sounds similar to Reagan’s “Grace Commission,” headed by chemical industry tycoon J. Peter Grace. Much like Reagan did, Musk and sidekick Vivek Ramaswamy have floated plans to reduce federal payrolls, in their case by demanding that remote and hybrid workers return to their offices. Ramaswamy has said the strategy would prompt a quarter of federal workers to resign. But the Grace Commission ended mostly in disappointment. In 1984, it turned in a 23,000-page report with 2,478 ideas to make the government more efficient, claiming to have identified more than $420 billion in savings over three years by doing things as obvious as paying bills sooner. But the Congressional Budget Office and General Accounting Office found that many of the savings were exaggerated, and most others simply failed to garner sufficient enthusiasm in Congress. Ultimately, federal payrolls ended up growing during the Reagan administration. To be clear, at no point soon will the U.S. find itself unable to pay its debts. In a worst-case scenario, Congress’ routine antics around raising the debt ceiling may one day lead to an accidental default, and past episodes in 2011 and 2023 saw lawmakers engage in down-to-the-wire theatrics that led to the nation’s loss of its previously pristine credit ratings from S&P Global Ratings and Fitch Ratings. All of this could ultimately precipitate further credit-rating downgrades and lots of short-term hysteria, but it would be an example of the cavalier and selfish attitudes of our lawmakers, rather than a classic case of financial distress. It probably wouldn’t see America’s position in the world plummet, but it would add to a slow erosion of faith. Among other things, America has extraordinary underlying wealth. Japan is another developed nation that has famously struggled with high debt-to-GDP levels, but it also holds large positions in equities and other assets on its balance sheet, so its net liability position isn’t nearly as bad as meets the eye. The U.S. doesn’t directly invest in equities, but it boasts many of the world’s most exciting and innovative companies. After two years of exceptional gains, the market capitalization of all U.S.-traded companies is now about double the national debt. Any effort by the government to try to access that wealth — through taxes or any other means — would have severe consequences, but America’s creditors can take heart in knowing it’s there. More importantly, the U.S. can always print more money. If the government is going to knowingly punish its creditors, it would most likely be in the form of more inflation, effectively cheapening the value of their bonds in real terms. But that would be terrible for Americans, too. By the time the U.S. resorts to such remedies, the market’s faith in its bonds would already be unraveling. So what can our leaders do to avoid that outcome? No one’s calling for austerity, but political leaders need to start by at least sending the right signals. It’s not enough just to assume that the productivity fairy will wave a magic wand and help the U.S. to grow its way out of its debt-to-GDP hole. Nor is it enough to launch buzzy efficiency task forces — with names like DOGE that make a joke of the matter by echoing Musk's favorite cryptocurrency — without a clear plan to navigate the hard political realities of cost cutting. One starting point is a recent publication by the Penn Wharton Budget Model, a research initiative at the University of Pennsylvania, which analyzed 13 tax and spending reforms that it found could cut the deficit while boosting growth. They include major overhauls to Social Security, Medicare and the health-care system as a whole, as well as ideas to simplify the tax code. Any such effort is bound to span years and different presidential administrations, and the messaging itself is critical to show markets that their patience will be rewarded. It’s hard to overstate the significance of investors’ faith in U.S. bonds, and that privilege should help us get through this rough patch. But we can’t assume that faith is unbreakable and allow our leaders to kick the can or even exacerbate the problem. For all the developments that they failed to anticipate, Reagan-era hawks were right to assume that we couldn’t go on like this forever. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. Jonathan Levin is a columnist focused on U.S. markets and economics. Previously, he worked as a Bloomberg journalist in the U.S., Brazil and Mexico. He is a CFA charterholder. ©2024 Bloomberg L.P. Visit bloomberg.com/opinion. Distributed by Tribune Content Agency, LLC.

A top Romanian court on Friday annulled the first round of the country’s presidential election, days after allegations emerged that Russia ran a coordinated online campaign to promote the far-right outsider who won the first round. The Constitutional Court’s unprecedented decision — which is final — came after President Klaus Iohannis declassified intelligence on Wednesday that alleged Russia organized thousands of social media accounts to promote Calin Georgescu across platforms such as TikTok and Telegram. The court, without naming Georgescu, said that one of the 13 candidates in the Nov. 24 first round had improperly received “preferential treatment” on social media, distorting the outcome of the vote. Georgescu denounced the verdict as an “officialized coup” and an attack on democracy, as did the second-place finisher, reformist Elena Lasconi of the center-right Save Romania Union party. Despite being an outsider who declared zero campaign spending, Georgescu emerged as the frontrunner who was to face Lasconi in a runoff on Sunday. Some 951 voting stations had already opened abroad on Friday for the runoff for Romania’s large diaspora, but had to be halted. Iohannis said he would remain in office until a new presidential election could be rerun from scratch. On Dec. 1, one week after the first round of the presidential race, Romania also held a parliamentary election, which saw pro-Western parties win the most votes but also gains for far-right nationalists. Iohannis said that once the new government is formed, the date of the new presidential vote would be set. On Wednesday the president had released intelligence files from the Romanian Intelligence Service, the Foreign Intelligence Service, the Special Telecommunication Service and the Ministry of Internal Affairs. In a televised statement Friday, Iohannis said he was “deeply concerned” by the contents of the intelligence reports. “Intelligence reports revealed that this candidate’s campaign was supported by a foreign state with interests contrary to Romania’s. These are serious issues,” he said. The Constitutional Court in its published decision cited the illegal use of digital technologies including artificial intelligence, as well as the use of “undeclared sources of funding.” It said one candidate received “preferential treatment on social media platforms, which resulted in the distortion of voters’ expressed will.” Georgescu slammed the verdict as putting “democracy is under attack.” “I have only one pact ... with the Romanian people and God,” he said in a video statement. “We are no longer talking about fairness but rather about a mockery that betrays the principles of democracy ... It is time to show that we are a courageous people who know that the destiny and rights of the Romanian nation are in our hands.” Lasconi also strongly condemned the court’s decision, saying it was “illegal, immoral, and crushes the very essence of democracy” and that the second round should have gone forward. “Whether we like it or not, from a legal and legitimate standpoint, 9 million Romanian citizens, both in the country and the diaspora, expressed their preference for a particular candidate through their votes,” she said. “I know I would have won. And I will win because the Romanian people know I will fight for them, that I will unite them for a better Romania,” she added. Some 9.4 million people — about 52.5% of eligible voters — had cast ballots in the first round in this European Union and NATO member country. The president serves a five-year term and has significant decision-making powers in national security, foreign policy and judicial appointments. Most surveys had predicted the top candidate would be Prime Minister Marcel Ciolacu of the ruling center-left Social Democrats. They indicated that second place would be claimed by either Lasconi or the leader of the far-right Alliance for the Unity of Romanians, George Simion. As the surprising results came in with Georgescu on top, and Lasconi narrowly beating Ciolacu, it plunged the political establishment into turmoil. The same court last week ordered a recount of the first-round votes, which added to the myriad controversies that have engulfed a chaotic election cycle. Following a recount, the court then validated the first-round results on Monday. Many observers have expressed concerns that annulling the vote could trigger civil unrest. The court said Friday that its decision was meant “to restore citizens’ trust in the democratic legitimacy of public authorities, in the legality and fairness of elections.” Simion, of the far-right party, said the development was a “coup d’état in full swing” but urged people not to take to the streets. “We don’t let ourselves be provoked, this system has to fall democratically,” he said. Cristian Andrei, a political consultant based in Bucharest, said the court’s decision amounts to a “crisis mode situation for Romanian democracy.” “In light of the information about the external interference, the massive interference in elections, I think this was not normal but predictable, because it’s not normal times at all, Romania is an uncharted territory,” he told The Associated Press. “The problem is here, do we have the institutions to manage such an interference in the future?” Georgescu’s surprising success left many political observers wondering how most local surveys were so far off, putting him behind at least five other candidates before the vote. Many observers attributed his success to his TikTok account, which now has 6 million likes and 541,000 followers. But some experts suspected Georgescu’s online following was artificially inflated while Romania’s top security body alleged he was given preferential treatment by TikTok over other candidates. In the intelligence release, the secret services alleged that one TikTok user paid more $381,000 (361,000 euros) to other users to promote Georgescu content. Intelligence authorities said information they obtained “revealed an aggressive promotion campaign” to increase and accelerate his popularity. Georgescu, when asked by the AP in an interview Wednesday whether he believes the Chinese-owned TikTok poses a threat to democracy, defended social media platforms. “The most important existing function for promoting free speech and freedom of expression is social media,” he said.

In conclusion, the Bayern Munich vs Barcelona match promises to be a spectacle of top-class football, with Flick's squad aiming to extend their unbeaten streak and Koeman's team looking to defy the odds and secure a crucial victory. As the countdown to kickoff begins, anticipation is building for what could be a memorable and exciting encounter between two of Europe's finest teams. Let the battle commence at the Camp Nou, as Bayern Munich and Barcelona go head-to-head in pursuit of glory in the UEFA Champions League!

( MENAFN - EIN Presswire) Chest Freezers Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 13, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! What Is The Anticipated Growth Rate and Market Size of the Global Chest Freezers Market? The chest freezers market size has seen a significant expansion in recent years. The market is projected to grow from $16.31 billion in 2023 to $18.36 billion in 2024, demonstrating a compound annual growth rate CAGR of 12.6%. The growth during the historical period can be attributed to the rising demand in developing economies, growth in small and medium enterprises, consumer preference for bulk purchasing, increasing focus on food waste reduction, and the expansion of e-commerce. Preview The Global Chest Freezers Market Report: What Does The Future Hold For The Chest Freezers Market? The chest freezers market size is poised for rapid growth in the upcoming years. The market is projected to reach $29.72 billion by 2028, expanding at a compound annual growth rate CAGR of 12.8%. This growth during the forecast period can be attributed to the increasing demand for frozen food, the rise in disposable income, the development of cold storage infrastructure, growing urbanization, migration to cities and the growth of the retail sector. Pre-order The Chest Freezers Global Market Report: What Are The Key Drivers Of The Chest Freezers Market? The rise in demand for frozen food products is anticipated to fuel the growth of the chest freezer market. Frozen food products, preserved by freezing to retain freshness and nutrients, have a longer shelf life for later consumption. The convenience, extended shelf life, and increasing consumer preference for ready-to-eat meals are fueling the demand for frozen food products, making chest freezers essential for optimal long-term storage which maintains the quality, safety, and extended shelf life of frozen items. Which Market Leaders Are Driving The Growth of the Chest Freezer Market? Major players in the chest freezers market include LG Electronics, Midea America Corp., Whirlpool Corp., Sharp Corporation, Liebherr-International GmbH, Electrolux Group, Westinghouse Electric Corp., The Middleby Corp., Dometic Group AB, and more. These major players have been crucial in driving market growth and will continue to play a significant role in its expansion. What Key Trends Are Impacting The Chest Freezer Market? Major companies in the chest freezer market are centered around developing and launching innovative products, offering flexibility to switch between freezer and refrigerator modes, to maintain their competitive edge. The future of cold storage is about to transform through technological innovation, a focus on sustainability, and an expanding market influenced by the consumer demand for frozen goods. How Is The Global Chest Freezer Market Segmented? 1 By Type: 500 And Above Liters, 300 To 500 Liters, 200 To 300 Liters, 200 And Below Liters 2 By Distribution Channel: Online, Offline 3 By Energy Efficiency: High, Medium, Low 4 By Door Type: Solid Door, Glass Door 5 By Application: Retail, Hospitality, Food And Beverage Processing, Cold Storage And Warehouses, Healthcare, Research and Laboratories, Residential, Other Applications What Does The Regional Analysis Tell Us About The Chest Freezer Market? In 2023, North America was the largest region in the chest freezers market. However, Asia-Pacific is expected to be the fastest-growing region in the forthcoming period. The regions covered in the chest freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Browse more similar reports- Congenital Heart Disease (CHD) Global Market Report 2024 Esophageal Catheters Global Market Report 2024 High-Frequency Chest-Wall Oscillation Devices Global Market Report 2024 About The Business Research Company Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game. Contact us at: The Business Research Company: Americas +1 3156230293 Asia +44 2071930708 Europe +44 2071930708 Email us at ... Follow us on: LinkedIn: YouTube: Global Market Model: global-market-model Oliver Guirdham The Business Research Company +44 20 7193 0708 email us here Visit us on social media: Facebook X LinkedIn Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN12122024003118003196ID1108988684 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.With the Biden administration taking office in the United States, there has been much speculation about the future of American politics. One topic that has garnered particular attention is the potential emergence of a "Trump 2.0" figure in the upcoming elections. In a recent interview, Professor Ouyang Hui, a renowned political analyst, shared his insights on this matter and highlighted four common misconceptions that people have about the idea of a "Trump 2.0".The combination of these two highly anticipated releases in 2022 is expected to make it a truly unprecedented year for the gaming industry. Not only will "Grand Theft Auto 6" and the "Nintendo Switch 2" push the boundaries of what is possible in gaming, but they also have the potential to reshape the industry as a whole. With the ongoing popularity of gaming as a form of entertainment and the increasing demand for new and innovative experiences, these releases are likely to attract a massive audience and drive record-breaking sales figures.